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Nov 13, 2012
11/12
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CNN
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business community and friday, there's a meeting with harry reid, mitch mcconnell, house speaker john boehner and minority leader nancy pelosi. so, will we get a deal? one man getting a lot of attention is erskine bowles. who along with alan simpson created the simpson-bowles plan on deficit reduction. i have to start by asking you, did you ever think your name would be part of pop culture? you are the bowles in simpson bowles. >> better be simpson bowles than bowles simpson since everybody knows him by his initials here in washington. >> so, when you talk about things, sacred cows, untouchables, whatever the word might be, in your proposal, the one paul ryan decided not to back, the one barack obama decided not to back, you had an increase in the federal gasoline tax. caps on mortgage interest. charitable donations and retirement contributions. these were all tough choices you made. you also increased the eligibility age for medicare and social security. reduced benefits for wealthier seniors. some of those things i've heard democrats and republicans say they agree on, others they loathe the
business community and friday, there's a meeting with harry reid, mitch mcconnell, house speaker john boehner and minority leader nancy pelosi. so, will we get a deal? one man getting a lot of attention is erskine bowles. who along with alan simpson created the simpson-bowles plan on deficit reduction. i have to start by asking you, did you ever think your name would be part of pop culture? you are the bowles in simpson bowles. >> better be simpson bowles than bowles simpson since...
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Nov 16, 2012
11/12
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CNBC
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you ask yourself, what's it worth when boehner, pelosi, mcconnell, and reed all start talking nice to each other? it's worth 120 points on the dow. we're not far from the highs of the day. some hope we can get a modest rally. the vix has really collapsed going into the close. we're near the lows for the week on the vix. some of those closed end funds like pimco, high yield, phk also doing a little better today. finally, i'm going to mention home builders also a doing better on the day. back to you. >> okay. thank you very much, bob. well, thanksgiving is less than a week away, and the trend is growing for stores like walmart to be open for business that day. shoppers seem to love it, but workers, for obvious reasons, do not. >> yeah, some walmart workers are now pledging to walk out if they are forced to work on that holiday. walmart has already said they plan to open at 8:00 p.m. on thanksgiving. joining us now, a husband and wife, greg and charr lean fletcher, both employees of walmart. both scheduled to work different shifts on thanksgiving day. we welcome you. greg, you have said
you ask yourself, what's it worth when boehner, pelosi, mcconnell, and reed all start talking nice to each other? it's worth 120 points on the dow. we're not far from the highs of the day. some hope we can get a modest rally. the vix has really collapsed going into the close. we're near the lows for the week on the vix. some of those closed end funds like pimco, high yield, phk also doing a little better today. finally, i'm going to mention home builders also a doing better on the day. back to...
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Nov 15, 2012
11/12
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CNBC
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boehner are accurate, the dems are moving away from that. the president and the democrats seem to be moving away from that. why do you think that is, and is this important? >> let's assume for a second the president is right and we need $1.5 trillion of revenue. now, i think there's a better way to get there and a different way to get there. the president, you know, i think is open to some of these ideas. but if we're going to have $1.5 trillion worth of revenue, we need about $3.5 trillion worth of real spending cuts. that would come from defense. it would come from entitlement programs. it would come from the other mandatory programs. that's what makes the most sense to take it from because those are the areas that are really growing at an accelerated rate, faster than the rate of growth of health care. i think that's doable. i think we can find the votes to do that because i think the american people are way ahead of the politicians. they realize we got a real problem in this country and we got to fix it. >> what do you think, senator? i
boehner are accurate, the dems are moving away from that. the president and the democrats seem to be moving away from that. why do you think that is, and is this important? >> let's assume for a second the president is right and we need $1.5 trillion of revenue. now, i think there's a better way to get there and a different way to get there. the president, you know, i think is open to some of these ideas. but if we're going to have $1.5 trillion worth of revenue, we need about $3.5...
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Nov 17, 2012
11/12
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CSPAN
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tomorrow is house speaker boehner's birthday. for those of you who want to wish him a happy birthday, we are not going to get him a cake because we did not know how many candles we would need. [laughter] >> thank you. >> thank you. >> following the meeting, house and leaders spoke briefly to reporters. >> good morning, everyone. we just had a meeting with the president to talk about america posted fiscal problems. i outlined a framework that deals with reforming our tax code and reforming our spending. i believe the framework that i have outlined in our meeting today is consistent with the president's call for a fair and balanced approach. to show our seriousness, we have put revenue on the table as long as it is accompanied by significant spending cuts. we are going to continue to have that on the table to show the american people that we are serious about cutting spending and solving our fiscal dilemma. i believe that we can do this and avert the fiscal cliff. >> this is not the first time we have dealt with these issues. we fe
tomorrow is house speaker boehner's birthday. for those of you who want to wish him a happy birthday, we are not going to get him a cake because we did not know how many candles we would need. [laughter] >> thank you. >> thank you. >> following the meeting, house and leaders spoke briefly to reporters. >> good morning, everyone. we just had a meeting with the president to talk about america posted fiscal problems. i outlined a framework that deals with reforming our tax...
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Nov 16, 2012
11/12
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WJLA
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nancy pelosi and john boehner met with the president this morning. with six weeks left to go, work has to be done quickly. rebecca is live with more on the talks. >> the calendar is showing it is just a few weeks until we fall off the so-called fiscal cliff. that is when extended unemployment benefits will expire, tax cuts will expire, and the automatic spending cuts will go into effect. today congressional leaders were promising they would meet the deadline. >> inside the white house republican house speaker john boehner and president obama sat side by side both insisting they want and will find macdill. >> our challenge is to make sure that we are able to cooperate, work together, find common ground, make some tough compromises, build some consensus to do the people's business. >> coming out of the meeting are rare image of bipartisan ship. >> we have the recognition that every person in america knows we would not reach agreement. >> we are prepared to put everything on the table provided we fixed the problem. however, we are in the dilemma we are
nancy pelosi and john boehner met with the president this morning. with six weeks left to go, work has to be done quickly. rebecca is live with more on the talks. >> the calendar is showing it is just a few weeks until we fall off the so-called fiscal cliff. that is when extended unemployment benefits will expire, tax cuts will expire, and the automatic spending cuts will go into effect. today congressional leaders were promising they would meet the deadline. >> inside the white...
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Nov 13, 2012
11/12
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FBC
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john boehner says we will talk more tax revenue in an overall tax system but we won't discuss without entitlement reform. that is the key for republicans. they will do tax revenue but it has got to be part of an overhaul of the tax system and has to involve medicare, medicaid and social security. exactly what, folks. but white house don't want to. melissa: leaders in d.c. are scrambling to figure this out but our first guest says he really does fear we're going to hit the fiscal cliff. think of while e. coyote and the acme parachute. scott hodge is president of the tax foundation. you are well known for innovative ideas on tax policy. in the 1990s you campaign to include a child credit in capital gains tax cuts. what is your best idea this time around? >> the best idea right now is for everybody to take a deep breath and pumped into next year. all the tax cuts should be extended for one more year to give congress and the white house some extra time to get off of their political posturing and make a rational deal between them. this is the worst time of year to make some sort of deal. t
john boehner says we will talk more tax revenue in an overall tax system but we won't discuss without entitlement reform. that is the key for republicans. they will do tax revenue but it has got to be part of an overhaul of the tax system and has to involve medicare, medicaid and social security. exactly what, folks. but white house don't want to. melissa: leaders in d.c. are scrambling to figure this out but our first guest says he really does fear we're going to hit the fiscal cliff. think of...
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Nov 18, 2012
11/12
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FOXNEWS
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you know, when john boehner appears, they say are you willing to accept higher rates. no one says what are you going to do about entitlements or anything, there's no question of the president whether he will compromise and what that would look like. >> paul: steve, what do you think the republicans ought to do here? is there a way out for them or are they going to be pushed back into a corner where they have no choice, but to concede that they have to raise tax rates or else go over the cliff and get blamed for that? >> well, it's a tough situation for them. there's no question about it because as you know, the default position, if we don't do anything is for the taxes to go up on everybody on january 1st, and that's something i think both sides want to avoid. it's very interesting, the thing that happened this week to start the week, was who was the first person that barack obama met with in the white house since his election, the labor unions, the labor block, that tells a lot who is driving policy at least at the start of the second term? and the labor unions basica
you know, when john boehner appears, they say are you willing to accept higher rates. no one says what are you going to do about entitlements or anything, there's no question of the president whether he will compromise and what that would look like. >> paul: steve, what do you think the republicans ought to do here? is there a way out for them or are they going to be pushed back into a corner where they have no choice, but to concede that they have to raise tax rates or else go over the...
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Nov 13, 2012
11/12
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CNBC
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there are -- boehner says down payment now. buy the boehner down payment zbh i don't like the down payment. i would be sorely disappointed if we missed this opportunity. i think somebody was telling me today the budget act of 1990 took 12 days to put in place. we know what all the issues are. i hope we won't be lacking courage just to go ahead and deal with big pieces of this. so -- i am in a different place than you on this. i think we ought to deal a -- in a big way with the fiscal reform. >> you want to grant design. that's very -- interesting point of view. >> doesn't have to be grand. we play to take two bites at it, debt ceiling coming up which i think, by the way, debt ceiling is the more important day personally than the fiscal cliff issue because we are not fiscal cliff is not going to happen. okay. simply is not going to happen. so -- to me, the focus ought to be on solvency and if we can deal with that and take a big step out of that, big step towards solving that, during this december, i agree with you. i think the
there are -- boehner says down payment now. buy the boehner down payment zbh i don't like the down payment. i would be sorely disappointed if we missed this opportunity. i think somebody was telling me today the budget act of 1990 took 12 days to put in place. we know what all the issues are. i hope we won't be lacking courage just to go ahead and deal with big pieces of this. so -- i am in a different place than you on this. i think we ought to deal a -- in a big way with the fiscal reform....
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Nov 12, 2012
11/12
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WJLA
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is sticking by the campaign trail thopets have tax cuts making less than $250,000 and you have john boehner saying somewhat saying we don't want to have any tax increases at all. so the pressure is on republicans to budge somewhat and you're going to see the question over the next couple of weeks is how do you see what form does that take. >> what other lessons or headlines do you think we got out of this year's election? >> the next washington you see is going to look a lot like the last washington you saw. you're going to have a democratic white house a democratic senate and republican house. so the question is how much more gridlock are we likely to see? you're probably going to see more gridlock in washington but voters may say we're sick and tired >> and i guess it's kind of appropriate that the new bond film came out this past weekend because the nation's top spy went down as a result of an affair. david petraeus. does it seem as if we have just gotten to the surface of this scandal here? >> there's so many unanswered questions as relates to david petraeus? why did congressional offic
is sticking by the campaign trail thopets have tax cuts making less than $250,000 and you have john boehner saying somewhat saying we don't want to have any tax increases at all. so the pressure is on republicans to budge somewhat and you're going to see the question over the next couple of weeks is how do you see what form does that take. >> what other lessons or headlines do you think we got out of this year's election? >> the next washington you see is going to look a lot like...
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Nov 16, 2012
11/12
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WUSA
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. >> reporter: in the meeting, house speaker john boehner proposed leaders establish a framework in the next six weeks for wide scale reform of the tax code, medicare, and social security in 2013. the goal would be to set specific targets now for savings from those reforms. that would negate the need for steep spending cuts congress called for last year that are set to kick in on january 1, the same day the bush tax cuts are set to expire. that damaging combo has been come to be known as the fiscal cliff. while democrats often balling at any mention of entitlement reform, today nancy pelosi signaled a new openness. >> do we want to have savings from everything that we do? certainly? so we need revenue, we need savings, we need growth. >> reporter: leader pelosi said there appeared to be interest in a big deal, about four trillion dollars worth of deficit redictions along the lines of the grand bargain that fell apart wean the president and speaker boehner last year, anthony. >> mason: nancy, there are just 46 days until the new year. what can they really hope to accomplish in that time?
. >> reporter: in the meeting, house speaker john boehner proposed leaders establish a framework in the next six weeks for wide scale reform of the tax code, medicare, and social security in 2013. the goal would be to set specific targets now for savings from those reforms. that would negate the need for steep spending cuts congress called for last year that are set to kick in on january 1, the same day the bush tax cuts are set to expire. that damaging combo has been come to be known as...
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Nov 16, 2012
11/12
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MSNBCW
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the most interesting thing, though, from the boehner aide was that john boehner believes there is not enough time from now until the end of the year to actually have a grand bargain. there's enough time, though, to put together the framework for what a grand bargain would look like. essentially have the top lines agreed to that by sometime in 2013 you could have both the chambers, the senate and the house, come together on some substantial tax reform, entitlement reform, and get rid of the sort of automatic cuts that we see as a sequester, and the tax increases and have a mechanism you can replace them with. listen to the congressional leaders in their photo op in the white house before thanksgiving that they had today. >> we've put revenue on the table, as long as it's accompanied by significant spending cuts. >> we have a cornerstones of being able to work something out. we're both going to have to give up some of the things that we know are a problem. >> we should have a goal in terms of how much deficit reduction. we should have a deadline before christmas. >> we fully understand
the most interesting thing, though, from the boehner aide was that john boehner believes there is not enough time from now until the end of the year to actually have a grand bargain. there's enough time, though, to put together the framework for what a grand bargain would look like. essentially have the top lines agreed to that by sometime in 2013 you could have both the chambers, the senate and the house, come together on some substantial tax reform, entitlement reform, and get rid of the sort...
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Nov 17, 2012
11/12
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WETA
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they are the ones doing the public posturing for him. >> i think also that john boehner does not have a strong hand. he has got a caucus that has dug in its heels on any kind of compromise. i saw this picture of john boehner, this cartoon character, holding a football and saying to president obama "trust me." >> there was an election on november 6 and the democrats did not do that badly. who is here? >> everybody has got to give. >> it really is true. you cannot tax your way out of this debt, you cannot slash expenses and get out of this in debt. you have got to do both. >> somewhat gradually. >> the president seems to be offering a two-for-one deal -- for every $1 of tax increase, he will cut expenses by $2. simpson-bowles wanted a one-to-3 ratio. the republicans want zero. >> but they have the business community that does not want us to go for the cliff -- >> if you use a different language, are there republicans amenable to an increase in taxes -- >> use the word "revenue." >> nancy pelosi took the position, a good negotiating position, that it ought to be $1 million to hundred $50
they are the ones doing the public posturing for him. >> i think also that john boehner does not have a strong hand. he has got a caucus that has dug in its heels on any kind of compromise. i saw this picture of john boehner, this cartoon character, holding a football and saying to president obama "trust me." >> there was an election on november 6 and the democrats did not do that badly. who is here? >> everybody has got to give. >> it really is true. you...
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Nov 14, 2012
11/12
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WJLA
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the first happen sunday morning at the top john boehner in columbia, and the shooting here early this morning at the wal- mart being described as a commercial armed robbery. the suspect you are left evidence. >> i heard about the shooting on the radio while i was dri >> imagine the terrifying ride as she came to pick up her son who works at the walmart overnight. a drive she makes every day but on the statius emotional. >> it doesn't give me a good feeling right now. >> were some along with other employees and customers were inside the store when a 28 year old manager was accosted by a lone gunman. the masked gunman demanded cash and forced the manager outside and shot him once in the chest and then police made a startling discovery not far from here. >> there was a vehicle and the area, we are treating that as a possible suspect vehicle. no one was allowed in or out of the parking lot for several hours. >> really hectic. backed up. >> all of them were eventually killed by other managers to stay quiet. we found shocked and confused customers. the suspect described as a white male is s
the first happen sunday morning at the top john boehner in columbia, and the shooting here early this morning at the wal- mart being described as a commercial armed robbery. the suspect you are left evidence. >> i heard about the shooting on the radio while i was dri >> imagine the terrifying ride as she came to pick up her son who works at the walmart overnight. a drive she makes every day but on the statius emotional. >> it doesn't give me a good feeling right now. >>...
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Nov 12, 2012
11/12
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MSNBC
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i think you heard john boehner say that already. we've had votes in the senate where we've actually gotten rid of tax credits. i think that's a given. and i think the vast majority of americans agree with that. the question is how do you do that and how do you allow taxes to rise at the same time you fix the real problem? and the real problem is uncontrolled entitlement spending and a government that has grown massively. not just under this administration, under republican administration. >> let me turn to senator schumer on this point. >> so you have to approach both sides of it. >> let me turn to senator schumer. i'm going to ask you the same question. if the mandate is compromised, what do democrats have to be prepared to accept as a painful outcome in order to achieve compromise? >> well, i agree with you, the mandate is compromise. that's why we have a divided house and senate. and i think if the house stands for anything it's cut government spending, as tom coburn said, and i think we're going to have to do more of it. we hear
i think you heard john boehner say that already. we've had votes in the senate where we've actually gotten rid of tax credits. i think that's a given. and i think the vast majority of americans agree with that. the question is how do you do that and how do you allow taxes to rise at the same time you fix the real problem? and the real problem is uncontrolled entitlement spending and a government that has grown massively. not just under this administration, under republican administration....
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Nov 17, 2012
11/12
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WMPT
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boehner. is it any different, or is this just about, i don't know, smoke and mirrors? >> well, i think the atmosphere is certainly different as you mentioned. in the past, these guys would go back to capitol hill and put out competing statements about what went on during the meetings. you saw what happened last year during the debt ceiling negotiations. this time it was one big happy family. there certainly seems to be some sort of recognition on the part of how fed up american people with sort of the seeing this game of chicken being played at such a high stakes time. i think there is certainly, after this election, there is kind of a let's get down to business. let's see if we can get this thing done. whether that can translate -- david just said, the biggest sticking point, taxes on the wealthy is still on the table. you can sing happy birthday to john boehner as much as you want. gwen: he would still say no. >> absolutely. i think it's really premature to try to predict what is going to ha
boehner. is it any different, or is this just about, i don't know, smoke and mirrors? >> well, i think the atmosphere is certainly different as you mentioned. in the past, these guys would go back to capitol hill and put out competing statements about what went on during the meetings. you saw what happened last year during the debt ceiling negotiations. this time it was one big happy family. there certainly seems to be some sort of recognition on the part of how fed up american people...
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Nov 12, 2012
11/12
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FOXNEWS
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if what speaker boehner was saying he was truly willing to get office ready we begin to work with one another. if what he is simply saying is what republicans used to say which is we are going to lower rate on the wealthy and that will somehow generate -- >> he was talking about closing loopholes and deductions. >> the jury is out still on the -- let me be clear. the tone was good. i think the jury is out on what he said. others may have to clarify. but he said something in a very hurtf artful way in which many people heard differently. >> are you willing to accept more revenue if it doesn't mean the bush tax cut has to be rescinded for the wealthy and rises from 35 to 39 percent. if they make the matt work. >> the issue is the math. the starting point should be going back to clinton era rates. then proceeding with tax reform as the speaker may have been talking about if he was generally talking about eliminating revenues to eliminating loopholes. >> let's right now extend the bush tax cut rates for the 98 percent of the people making less than 250,000 dollars. he says i will sign it
if what speaker boehner was saying he was truly willing to get office ready we begin to work with one another. if what he is simply saying is what republicans used to say which is we are going to lower rate on the wealthy and that will somehow generate -- >> he was talking about closing loopholes and deductions. >> the jury is out still on the -- let me be clear. the tone was good. i think the jury is out on what he said. others may have to clarify. but he said something in a very...
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Nov 18, 2012
11/12
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KQED
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. >> boehner as a caucus that has dug in its heels on any kind of compromise. the picture of the john boehner, this cartoon character, holding a football, saying to president obama, "ust me it." >> you know, there was an election on november 6, and the democrats did not do that badly. who gives here? >> everybody has got to give. >> you say it and say and say, but you cannot tax your way out of this debt and you cannot slash expenses and get out of this and get rid you have got to do both. >> someone gradually. >> president seems to be offering a two-for-one deal, for every $1 of tax increase, he will cut taxes by two dollars. simpson-bowles wanted a one-to-3 ratio. publicans 10. -- republicans want zero. >> business community does not want us to go over the cliff. >> what the republicans amenable to increases in taxes -- >> use the word "revenue." >> you had nancy pelosi taking the position -- $1 million, not $250,000. john mccain has suggested make it $500,000. that is where the movement is going to come, with that number. >> is there a deal in the works behi
. >> boehner as a caucus that has dug in its heels on any kind of compromise. the picture of the john boehner, this cartoon character, holding a football, saying to president obama, "ust me it." >> you know, there was an election on november 6, and the democrats did not do that badly. who gives here? >> everybody has got to give. >> you say it and say and say, but you cannot tax your way out of this debt and you cannot slash expenses and get out of this and get...
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Nov 17, 2012
11/12
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KGO
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. >> president obama wished house speaker john boehner an early happy birthday. the president gave him a bottle of sanjiovacy. >> one miff favorites. >> yes. >> yes, it could vool yait the gift limit is $50 and no combination from one source can exceed $100 per year, abc news reports the bottle retails for 125s oodz no wine for mr. boehner. >> an oakland police officer helped capture one of oakland's most-wanted criminals. this went down at ruth's chris steak house. the officer was having dinner, and he noticed a number of notorious street gangs in a nearby table. he stepped outside, called police then went back inside to his table, officers from both cities all converged outside. >> seemedf/s;s vital realtime information from the officer. we knew his movement, his whereabouts. >> the man arrested wanted for a residential robbery, he was dining with fellow gang members. police made some skipped out on the check go back, pay, and leave a nice tip. >> yes. >> still ahead on abc 7 news at 4:00 good samaritans. a grandfather saves a baby's live at the last minute. >>
. >> president obama wished house speaker john boehner an early happy birthday. the president gave him a bottle of sanjiovacy. >> one miff favorites. >> yes. >> yes, it could vool yait the gift limit is $50 and no combination from one source can exceed $100 per year, abc news reports the bottle retails for 125s oodz no wine for mr. boehner. >> an oakland police officer helped capture one of oakland's most-wanted criminals. this went down at ruth's chris steak...
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Nov 13, 2012
11/12
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FOXNEWS
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speaker boehner says revenues are on the table but we have news for him, when it comes to hiking the taxes, democrats do plan to run the table reportedly not keen on a republican plan to only close loopholes that curb deductions to raise revenue. and democratic leaders expect that and a rate increase, a move that could conceivably send the top rate closer to 45 percent tan the 40 percent they talking about now. when you throw in added surtaxes to pay for health care, the "wall street journal" reporter says you could be look at 50 percent top rate. or more. here we go. >>reporter: that is true if the live in the state of california or someone like you would works, why know if you live in new york but you work in w york and the tax rates in new york city could go do 50 percent and california as high as 52 percent, we have not seen rates that high since the 1970's. >>neil: leave aside what will happen on health care people forget this is a lot more than just returning to the clinton top rate of 39.6 percent. it is about going well beyond that and the fact that democrats are feeling thei
speaker boehner says revenues are on the table but we have news for him, when it comes to hiking the taxes, democrats do plan to run the table reportedly not keen on a republican plan to only close loopholes that curb deductions to raise revenue. and democratic leaders expect that and a rate increase, a move that could conceivably send the top rate closer to 45 percent tan the 40 percent they talking about now. when you throw in added surtaxes to pay for health care, the "wall street...
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157
Nov 16, 2012
11/12
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WUSA
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house speaker john boehner has shown interest in the plan which would raise more tax revenue without raising rates. >> it's clear that there are a lot of special interest loopholes in the tax code, both corporate and personal. >>reporter: democrats and republicans say they will reach an agreement, but a new poll shows many americans are skeptical. 51% of those surveyed believe a deal will not get done. tara mergener for cbs news, capitol hill. >>> it appears that the makers of twinkies and hohos couldn't avoid their fiscal cliff. hostess brand says a national bakers' strike has crippled their operations at 33 plants. so more than 18,000 workers will lose their jobs. the company warned employees that it would sell off its assets if workers did not return to work by last night. the company will sell off its twinkies and wonder bread brands. >>> still to come when 9 news now continues, we're going to talk live to dr. phil. we're going to talk about his new book and what's coming up on his show today. you can watch it right here beginning at 4:00 p.m. >>> but, first, a lot of people got
house speaker john boehner has shown interest in the plan which would raise more tax revenue without raising rates. >> it's clear that there are a lot of special interest loopholes in the tax code, both corporate and personal. >>reporter: democrats and republicans say they will reach an agreement, but a new poll shows many americans are skeptical. 51% of those surveyed believe a deal will not get done. tara mergener for cbs news, capitol hill. >>> it appears that the makers...
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Nov 12, 2012
11/12
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FOXNEWSW
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boehner seemed to be saying i am going to close loopholes and use the revenue. not just growth, but use the re-knew from closing the loopholes to cut the deficit. are you accepting that or not? >> i think that is the formul formula. that is the way we reach agreement. you can close the loophole -- >> chris: it's not the growth. taking the money, tax expenditures through the loopholes and giving, using it as a deficit savings. >> as long as you close the loopholes and limit the deduction, limit credits. formula for a solution. >> real solution. >> chris: senator corker, you have a draft plan you have been circulating to a number of members in the senate. is there a deal here? >> i think there is a deal. the ying and yang of this is we know there has to be revenues. look, i haven't met a wealthy republican or democrat in tennessee that is not willing to contribute more. as long as they know we the problem. the ying of revenue, we understand. i think there is a very good pro-growth way of putting that place, so you are getting revenues from people like me and other
boehner seemed to be saying i am going to close loopholes and use the revenue. not just growth, but use the re-knew from closing the loopholes to cut the deficit. are you accepting that or not? >> i think that is the formul formula. that is the way we reach agreement. you can close the loophole -- >> chris: it's not the growth. taking the money, tax expenditures through the loopholes and giving, using it as a deficit savings. >> as long as you close the loopholes and limit the...
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Nov 16, 2012
11/12
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CNBC
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he meets with harry reid, mitch mcconnell, john boehner and in an say palau and i. in an say pelosi. speaking on on thursday, simpson and bowles said washington hasn't been able to resolve the fiscal cliff because lawmakers haven't been focused on what's right for the country. >> leaders think it would be to their advantage to go off the fiscal cliff. what a wonderful trait that is, that we can win more as democrats if we let it go or more as complains. people are sick of that and they're ashamed of it. >> if we do get our house in order, future of america is really bright. if we don't, we're well on our way it to becoming a second rate power. >> bowles sees a one third chan of a deal during the lame duck session of congress. a one third chance nothing gets done and the economy moves into chaos. let's hear in michael gurhka. the economy moving in to chaos, is that why we're seeing this market action? >> i'm not surprised because on the equity side, it's always about confidence and right now a lot of politicians have not given the market any confidence whatsoever. so
he meets with harry reid, mitch mcconnell, john boehner and in an say palau and i. in an say pelosi. speaking on on thursday, simpson and bowles said washington hasn't been able to resolve the fiscal cliff because lawmakers haven't been focused on what's right for the country. >> leaders think it would be to their advantage to go off the fiscal cliff. what a wonderful trait that is, that we can win more as democrats if we let it go or more as complains. people are sick of that and they're...
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177
Nov 12, 2012
11/12
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MSNBC
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when you see boehner calling the caucus and say, hey, let's aavoid the nasty showdowns. that's saying let's not be hostage takers. you see obama learning how to deal with the caucus. let's extend the middle class tax cuts, right now, let's do it. he puts them in a bad position and making it look like, look, middle class, they are not giving you what you need. so learning how to work with them, learning that we have to have some compromise, i see some tea leaves that we may have a better next couple of years. we'll see. >> it will be interesting, if a deal is struck. i don't think it will nearly as good as for republicans as the deal that the president offered them. the grand deal that had been offered before. you know, in some ways i actually think the problem for republicans and for conservatives is that a lot of their ideas and principles have actually won. you know, since ronald reagan we no longer have 70% tax rates on the highest income earners. nobody is arguing for that. we're arguing to go back to 39.6%. on health care reform, the president's health care reform w
when you see boehner calling the caucus and say, hey, let's aavoid the nasty showdowns. that's saying let's not be hostage takers. you see obama learning how to deal with the caucus. let's extend the middle class tax cuts, right now, let's do it. he puts them in a bad position and making it look like, look, middle class, they are not giving you what you need. so learning how to work with them, learning that we have to have some compromise, i see some tea leaves that we may have a better next...